Important research reveals that, regardless of sector, the average board member takes two years to feel fully competent in their role and confident in their position.
This is such a terrible waste.
Better to prepare in advance and build a firm foundation.
Comprehensive information pack covering fundamental knowledge, how to become a director, what to do when offered a directorship- and whether to accept
Induction Checklist | CPD Guides | Lifelong Learning | CPD Planner and Record
Designed for those aspiring to become a director or have recently been appointed to a board
Provides core foundation of skills and knowledge that every director needs to know or revise
Before you can expect to become an effective director you need to obtain a base level of knowledge about corporate governance and roles and responsibilities of directors.
However, to be invited to join a board, especially as anon-executive director, you also need to develop a strategy of self-promotion involving networking, social media etc.
Meet the directors
Check whether board culture and relationships fit?
Check the board's approach to governance
Check out the financial health of the company
Evaluate attitude to risk and risk appetite
Ask "Why do they want you?"
You should expect the support of the other members of your board, especially your chairman and company secretary.
Obviously, some of the key information and training you will need is specific to your organisation.
However, there is also a core foundation of skills and knowledge that every director needs to know or revise.
This comprehensive information pack covers fundamental knowledge,
how to become a director and what to do when offered a directorship
My Personal CPD Record - A4 year planner and log
New Director's Induction Checklist
CPD Guide to Becoming a Director
CPD Guide to Networking as a Director
CPD Guide to Roles and Responsibilities of Directors
CPD Guide to Corporate Governance
essential Checklists for Directors and Boards
Audio recording: Lifelong Learning
If you aspire to become a director, have recently joined a board, or
would just like to obtain this information, then now is the time to act
Arrange meetings with the chairman and company secretary
Build an understanding of the nature of the company, its business and the markets in which it operates
Build a link with the company's people
Build an understanding of the company's main relationships
All directors should receive induction on joining the board to obtain appropriate knowledge of the company and gain access to its operations and staff. The chairman should ensure that new directors receive a full, formal and tailored induction on joining the board.
The company secretary is responsible for facilitating the induction programme under the direction of the chairman. One option is to partner a new non-executive director with a particular executive director to hasten an understanding of a particular part of the business.
Where the director will be joining a committee, he or she should be provided with copies of the committee minutes from the preceding 12 months.
Here is a checklist of issues to be addressed:
Board and committee structure and terms of reference
Biographical and contact details of all directors of the company, the company secretary and other key executives
Board meetings, recent minutes, dates, procedures, and training in the use of systems and technology
Boardroom behaviours, culture and values, codes of conduct/ethics
Articles of association/constitution
Board procedures and confidentiality
Board appraisal and development programme
Current issues
The nature of the company, its business and its markets
Meetings with senior management, visits to company sites, details of employee committees or surveys
Information about main stakeholders
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Purchase The Aspiring Director's Foundation Pack today for £75.00, or three monthly payments of £30, and you can immediately download the resources you need.
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